$GTC /USDT: Oversold Pullback Paves the Way for a Quick Bounce
$GTC /USDT is trading at $0.725, recovering slightly after testing its intraday low of $0.718. With the RSI at 20.49, the pair is deeply oversold, signaling a potential short-term reversal. Immediate support lies at $0.720, while resistance levels to watch are $0.740 and $0.760. A suitable entry point for this trade is between $0.720 and $0.730, targeting conservative profits at $0.740 (TP1), $0.750 (TP2), and $0.770 (TP3). To manage risk, place a stop loss at $0.710, just below recent support.
This setup is ideal for traders looking to capitalize on oversold conditions with tight risk management. Lock in profits incrementally at each target and adjust the stop loss to breakeven after reaching TP1. Watch for sustained buying momentum near resistance for further opportunities.